Global Investors summit: After Bangalore, roads shows to be held in Mumbai, Hyderabad

Srinagar: After Bangalore, Jammu and Kashmir administration is all set to hold road shows in Mumbai, Hyderabad and other cities.
Top officials from Jammu and Kashmir government have started holding road shows in various cities of the country.
They have held road shows in Bangalore inviting investors to invest in Jammu and Kashmir.
An official told KNS that all preparations have been made to hold road shows in Mumbai, Hyderabad and other cities.
The administration has began massive preparations to organise the ‘J&K Global Investors Summit-2020’ in April to attract investors to the Union Territories of J&K and Ladakh.
The Mega event will see strategic sectoral sessions, round table deliberations, technical presentations, partnerships, one-to-one business meetings and signing of memorandum of understanding, an official said.
He said that it will present immense opportunities to develop contacts between the local and outside business community and will provide not only primary employment but also generate secondary and ancillary employment opportunities for youth.
“Participating trade and industry organizations will have an opportunity to know first-hand about the business friendly policies of the government and identify business opportunities in Jammu and Kashmir,” he maintained.
The summit, which was earlier scheduled in October last year, could not take place due to uncertain situation on the ground.
Officials said that the government is hopeful that investors Summit in April will provide an opportunity to allay fears and apprehensions from the minds of outside business community about investment in J&K.
The government has already constituted the Apex Committee for hosting the event.
Sources said that the Apex Committee is responsible for the overall high level coordination necessary for the successful conduct of the Investment Summit.
Jammu and Kashmir Trade Promotion Organization (JKTPO) is the nodal agency for conducting the summit.
Several Committees such as Empowered Committee, Hospitality Committee, Venue Management Committee, Traffic & Security Committee, transport Committee, Cultural Committee, City Beautification Committees, Media and Publicity Committee, Sight Seeing Committee, Exhibition Committee etc with specific role and responsibilities, headed by Administrative Secretaries, are also being constituted. These Committees will work for desired outcomes.
Another top government official described the summit as a mega event for the Union Territory government. “
Officials said the Confederation of Indian Industry has been selected as the national partner, while Earnest Young, PricewaterhouseCoopers and Expro have been selected as knowledge, media and event partner.
Sources said that thousands of kanals of land have been identified so far and it will be open for outside investors soon.
Sources said that most of the companies which have shown interest to setup their businesses in Kashmir are from Mahrashtra. There are companies in food processing, agri-business and manufacturing from Pune, Mumbai and other parts of the country.
Sources said that around 16,000 kanals of state land has been earmarked in regions of Jammu and Kashmir.

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